STX 2.17% 22.5¢ strike energy limited

Ann: Quarterly Activities Report & 5B, page-2

  1. 1,837 Posts.
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    Geeez  there you go!  It's a gamble now on how  the market will react to this Jaws step change.  Basically is the market a half glass empty or half glass full kind of market????

    I'm half glass full but I have a feeling the market is half glass empty...

    So as it stands now I gather, Jan 23, there's no pumping happening until they have sorted out the "workover" strategy to get over the step change in future with a system that can handle it.  Mama Mia...

    Geeez, how long is that going to take!?!?!?  And how much $$$ !?!?!?  And in the meantime, what about the conditions underneath now that pumping has ceased?  Has the Jaws site gone to sh!t underneath or is it maintained or just a matter of plugging in the new workover scheme/solution and she continues depressurising and dewatering on the conditions when she stopped?

    Depending on the risk appetite of the market, she could go as low as $0.02 !!!  Or if people aren't negative, she could rise knowing there's a lot of gas there (Billions of $$$ worth) just needs the right technology to get it out.  I hope it is the latter or it will get way worse before it gets any better.........
    Last edited by DanglingPointer: 23/01/19
 
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